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Money for Life work in partnership with the Money Advice Service, an independent organisation set up by government. Money AdviceService provides free, unbiased money guidance across the UK to help people make the most of their money.  If you have a question or need help, you can chat to them here.

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Saturday, 9am to 1pm.

 

A-Level results day – what are my options if I don’t get the results I wanted?

The anticipation of finding out whether you’ve made it into your university of choice can be tough to deal with over the summer months. We know exactly how it feels, and rest assured you’re not going through it alone.

For some, there will be tears of joy but for others there will be disappointment. Just remember this day will pass and there are plenty of different paths available for you to choose from. These results don’t define the rest of your life, so let’s take a look at what next steps you can take…

Studying a foundation diploma  

If you didn’t get the right qualifications to go straight onto a degree programme, then maybe a foundation diploma is for you. If your 19 years old and over, you can now apply to Student Finance England for an ‘Advanced Learner Loan’, to help pay for your course. It’s worth noting this doesn’t cover your living costs, so you need to make sure you are able to support yourself whilst you study.

The great thing about this is if you go on to study a degree immediately afterwards, this loan will be written off meaning you will not have to pay it back! Yes you heard it. For more information about the Advanced Learner Loan, check out this website.

Choosing an Apprenticeship

Apprenticeships allow people to gain practical skills as well as the stuff you’d learn in college or university. Luckily, this means you get the best of both worlds as you can gain job-specific knowledge while earning a decent salary straight away. According to job site Reed, you can earn an average salary of £19,147 a year – plus you get time off to study, usually once a week, in areas related to your role. All these perks, without any student loan debts hanging over your head! Not bad aye? If you have any further questions on apprenticeship, check out our expert article here.

Work experience (Voluntary work/Internships)

Gaining paid work experience straight out of college can be difficult. But thankfully there are many opportunities out there to make this easier. Voluntary work is a good starting base for getting your foot in the door. At this point, you’re probably thinking ‘how on earth can I afford to go to work for free when I’m broke’ right? Well, as a voluntary worker, did you know you’re entitled to have your expenses paid for? This normally includes travel and food and any kind of training support that you might need.

Once you get some kind of experience under your belt, you can now start looking for paid placements, internships and entry level jobs. In the UK, if you are aged 16 to 24 you are entitled to receive the National Minimum Wage (NMW). For workers aged 21 or over the current hourly rate of NMW is £6.95, and slightly less at £5.55 for those aged 18 to 20. If you need a place to start looking, check out Princes Trust, Job Centre Plus, and Prospects.

Become your own boss

Do you have a special skill or talent that could make you money? Maybe you picked up an interest in photography and want to consider becoming a Freelance photographer? Whatever you have a burning passion for, it’s worth looking into that market and finding out how much you could potentially make from turning it into a self-employed job. If you think you’ve got what it takes to be your own boss, first take our quiz, then take a look at the ‘top 25 self-employed jobs you can start today!’

While it can be a hard blow excepting the reality of results day…just remember it’s not the ‘be all or end all.’ For more tips and advice follow us on social media @MoneyForLifeUK.

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Money for Life work in partnership with the Money Advice Service, an independent organisation set up by government. Money AdviceService provides free, unbiased money guidance across the UK to help people make the most of their money.  If you have a question or need help, you can chat to them here.

Launch Chat

Chat to the Money Advice Service
Monday to Friday, 8am to 6pm
Saturday, 9am to 1pm.